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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Warehouses
3723 112th SW St, Tacoma, WA 98499-4628
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0646823
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
3.41 ac (148,540 SF)
Zoning code
I1
APN
219018005
UPID
US90-0646823
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$775k
Owner & transaction history
112th Lakewood LLC · 10 yrs held
112th Lakewood LLC
since 2015
6 recorded transactions
Zoning & alternative use
I1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+176.9%
Auto repair, garage
$930,000
+140.9%
Commercial (general)
$795,000
+105.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,070,000
Change: +177% · Conversion: Moderate
AUTO REPAIR, GARAGE
$930,000
Change: +141% · Conversion: Easy
COMMERCIAL (GENERAL)
$795,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +63% · Conversion: Moderate
MEDICAL BUILDING
$615,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$308 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$93,502
Tax year 2024
Assessed value
$8,429,200
Assessed 2024
Previous assessed
$8,429,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,835,600
Assessed improvement
$5,593,600
Land market value
$2,835,600
Improvement market value
$5,593,600
Total market value
$8,429,200
Applied tax rate
760.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
10
Stories
1
Units
438
Total area
2,520 SF
Lot
3.41 ac (148,540 SF)
Zoning code
I1
APN
219018005
UPID
US90-0646823
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Tacoma, WA
Zoning I1 · permitted uses
I1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$795,000
RETAIL STORES
Est. value
$630,000
MEDICAL BUILDING
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
438
Lot
3.41 ac
Current owner
From public records · entity-resolved
112th Lakewood LLC
Entity
Mailing address
2828 THORNDYKE AVE W #525, SEATTLE, WA 98199-2980
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
112th Lakewood LLC
—
Deed
related
$4,500,000 · Preferred Bk
Aug 12, 2015
$3,600,000
112th Lakewood LLC
Lakewood Safe Storage LLC
Warranty Deed
—
Jan 31, 2007
$3,350,000
Tacoma Mini Storage LLC
Carlson R D Living Trust
Warranty Deed
$3,250,000 · Washington Trust Bank
Jan 1, 1991
$1,890,000
Ronald Carlson
Unknown
Grant Deed
—
—
—
112th Lakewood LLC
—
Loan Modification
related
$4,500,000 · Preferred Bk
—
—
Carlson Trust
—
Deed Of Trust
related
$1,015,000 · Stancorp Mortgage Investors
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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